Wakulla County Chamber Of Commerce
- Assets
- $1.2m
- Revenue
- $159.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Crawfordville, FL
- Founding
- 06/2007
- Data as of
- 12/2023
- EIN
- 59-1907569
Organization Overview
Wakulla County Chamber Of Commerce is located in Crawfordville, FL. The organization was established in 2007. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Wakulla County Chamber Of Commerce employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wakulla County Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Wakulla County Chamber Of Commerce generated $159.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $134.0k during the year ending 12/2023. While expenses have increased by 5.8% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE CHAMBER SHALL PROVIDE A FORUM TO FACILITATE AND BUILD RELATIONSHIPS AMONG BUSINESS OWNERS. TO FURTHER ASSIST BUSINESS AND COMMERCIAL INTEREST, THE CHAMBER SHALL: ADVANCE THE CIVIC AND COMMERICAL INTEREST OF THE AREA, PROMOTE THE GENERAL WELFARE AND PROSPERITY OF THE AREA, PROMOTE ECONONMIC PROGRAMS DESIGNED TO STRENGTHEN AND EXPAND THE INCOME POTENTIAL OF BUSINESSES WITHIN THE TRADE AREA, PROMOTE REASONABLE COMMUNITY GROWTH AND DEVELOPMENT, DISCOVER AND CORRECT FACTORS WHICH PREVENT THE PROMOTION OF BUSINESS AND COMMUNITY GROWTH AND PROVIDE INFORMATION IN ORDER TO FOSTER KNOWLEDGEABLE OPINIONS REGARDING RELEVANT COMMERCIAL AFFAIRS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CHAMBER IS SUCCESSFUL IN SUPPORTING AND MAINTAINING ITS MEMBERSHIP BY PROVIDING MEANS OF ADVERTISING FOR MEMBERS. IT OFFERS CHAMBER WEBSITE ADVERTISING, SOCIAL MEDIA RECOGNITION, LETTERS OF SUPPORT, PRINTED AND ONLINE MEMBER DIRECTORY, AND WEEKLY NEWSLETTERS. IT ALSO FOCUSES ON EVENTS FOR MEMBER NETWORKING SUCH AS ANNUAL INSTALLATION BANQUET, BUSINESS EXCELLENCE AWARDS, AFTERHOURS MIXERS,COFFEE AND COMMERCE, LUNCHEONS, WORKSHOPS, AND RIBBON CUTTINGS. MEMBERS ALSO HAVE ACCESS TO FREE EDUCATION THROUGH BURTE POOLE SCHOLARSHIPS AT TSC. THE CHAMBER OFFICE RESIDES IN A HISTORICAL BUILDING WHICH IT LEASES AND MAINTAINS. THE LOW COUNTRY BOIL FUNDRAISER IS HELD TO RAISE MONEY FOR THE FUTURE BUILDING OF THE CHAMBER OFFICE STAFF AND PROVIDES ANNUAL EDUCATIONAL SCHOLARSHIPS.
REIMBURSEMENT FOR WORK PERFORMED THROUGH THE PARTNERSHIP OF ANOTHER EXEMPT ORGANZIATION, THE WAKULLA COUNTY ECONOMIC DEVELOPMENT COUNCIL. DEPRECIATION OF ASSETS TO PROVIDE TECHNOLOGY SERVICES TO MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bob Ballard Director | Trustee | 1 | $0 |
Ray Boles Director Eme | Trustee | $0 | |
Josh Brown Director | Trustee | 1 | $0 |
Kathie Brown Director | Trustee | 1 | $0 |
Sharol Brown Director Eme | Trustee | 1 | $0 |
Steve Brown Director Eme | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $86,359 |
| Fundraising events | $48,720 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $135,079 |
| Total Program Service Revenue | $35,586 |
| Investment income | $5,375 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$17,023 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $159,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $58,468 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,225 |
| Payroll taxes | $4,592 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104 |
| Fees for services: Accounting | $2,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,303 |
| Advertising and promotion | $4,549 |
| Office expenses | $4,681 |
| Information technology | $4,930 |
| Royalties | $0 |
| Occupancy | $2,790 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,456 |
| Insurance | $2,968 |
| All other expenses | $0 |
| Total functional expenses | $133,966 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,739 |
| Savings and temporary cash investments | $194,485 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $915,716 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $171 |
| Total assets | $1,188,111 |
| Accounts payable and accrued expenses | $3,866 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,866 |
| Net assets without donor restrictions | $1,183,926 |
| Net assets with donor restrictions | $319 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,188,111 |